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GambleFi cryptos have painted green candles as of late, with tokens like RAKE rising in price. While the token still shows a decline on the monthly chart, the recent surge indicates renewed interest in gambling cryptos. Will RAKE be able to keep up the momentum?
RAKE Experiences a Minor Increase Over a 14-Day Period
Rake.com’s performance has been extremely volatile over the past month. After opening at $0.00017 in September 2024, the token experienced a parabolic drop to $0.00013 before rebounding and steadily moving up to the $0.00015 mark before a correction.
However, bulls continued to persist, leading the token to reach $0.00016 by September 30th. This was followed by another decline to $0.00014 and then a rapid bounce to $0.00015.
At the time of writing, the token is trading just over the $0.00015 mark, with its market capitalization still being evaluated.
What is Rake.com?
Rake.com is an online crypto gambling platform offering casino and crypto sports betting services. The platform has a range of games to choose from, including slots, table games, live casino games, blackjack, roulette, and sports.
When it comes to sports betting, the platform focuses on both traditional and non-traditional sports, with games like Table Tennis, Volleyball, Football, Cricket, Counter-Strike, League of Legends, and more.
There is also a crypto-specific title on the platform under the category Rake Originals: DICE. While more could be added in the future, nothing can be said for certain at this time.
Additionally, Rake.com offers a slew of bonuses, including a welcome deposit bonus of up to $10,000 for newcomers.
The platform is also equipped with social features, including a chat module on the side that allows players to talk to each other. RAKE is the native cryptocurrency of this ecosystem, enabling players to earn additional perks, such as more bonuses and access to some exclusive benefits.
Why is the RAKE Price Increasing?
The recent pump in the RAKE price could be attributed to various factors. The platform’s Twitter community is highly engaged, with many rewards being given out. However, it could also be linked to a recent tweet by Rake.com, featuring Elon Musk jumping at a Trump rally.
Crypto Twitter rn pic.twitter.com/1WDLpJrvX9
— Rake.com (@RakeCasino) October 7, 2024
This event, although minor, could have contributed to the RAKE price surge. Considering the intra-day gains were only nominal, this could be considered one plausible reason.
Another reason could be Rake’s presence on both the Ethereum and Solana networks.
Rake.com Price Prediction
Here are the price predictions for Rake.com for Q4 2024, 2025, and 2026:
Q4-2024
The price action of Rake.com has been volatile so far, and considering how it can be influenced by social media posts, we may see similar trends for 2024. The token itself hasn’t been very active on Twitter, as the casino platform’s developers are mainly tweeting about recent matches and betting results. Even though the community is continually engaging, this indicates more activity for Rake.com, but not necessarily more price movement for RAKE.
However, as more people start to view this token as a tradable asset, macroeconomic conditions could drive its value higher. It is possible that growing interest could drive the token’s price back to its recent high of $0.0002 by the end of this year.
2025
Not much can be predicted about how Rake.com could perform next year. As for the gambling platform, it might introduce more games and bonus perks, which could attract more attention from the crypto community. However, those looking to buy RAKE as a tradable asset may want to closely examine market fundamentals next year, particularly whether Bitcoin’s anticipated bullish action has any impact on it.
If it does, we may see RAKE attempting to reach new highs. Based on these factors, it is possible that RAKE could surge to $0.0005 in 2025.
2026
Rake.com has not shown many long-term fundamentals for us to analyze its price over the next two years. Market conditions will ultimately determine its performance. If Bitcoin enters a cooldown period after a bullish year in 2025, Rake’s value may follow suit.
That being said, if regulatory developments progress, Bitcoin could become more mainstream, potentially allowing gambling tokens like RAKE to achieve more stability in the market. Based on this, RAKE’s price could reach $0.0008 by 2026.
Memebet – Another High Potential Gambling Crypto to Buy
The recent price trends of major GambleFi tokens suggest that they are significantly undervalued. Pirate Benny, a crypto influencer on Twitter, recently tweeted that the meme coin market cap is 128 times larger than that of gambling cryptos, expressing optimism about a future when money starts flowing into utility cryptos.
Can we get this trending?
It’s actually insane how undervalued GambleFi is, just wait until the money comes into utility coins.
$RLB $WIK $BCB $BTC $ETH $LINK $AVAX $BLAST $ARB $NCDT $SOL $ENJ $CRV $OP $AGRS $PALM $PROPC $AERO $PREAI $KAP#CryptoNews #Altcoins pic.twitter.com/JlDjQ7ekTl
— Pirate Benny (@WickedLemming) October 6, 2024
In such circumstances, tokens that encompass the qualities of both a meme coin and a gambling crypto could be the next big cryptos. Memebet Token is one such crypto asset.
Blending the best visual elements of meme coins with the strongest traits of a crypto casino, Memebet Token powers the casino of the same name. Active on Telegram, Memebet Casino exclusively accepts meme coins as wagers, bringing more use cases to meme coins.
The casino will also offer P2E airdrops to those who wager using Memebet Token. Exclusive holder benefits, including challenges and additional rewards, will also be available. Furthermore, as a Telegram-based casino, it does not require any KYC. Despite this minimalist approach, it aims to provide thousands of crypto-native games and a global sportsbook.
With its meme coin-only structure, Memebet Casino has the potential to revolutionize both the gaming and crypto space. Blending the volatility of meme coins with the random outcomes of games will make the experience more thrilling.
Moreover, Memebet Token could leverage a meme coin’s popularity to increase in value, effectively acting as a bridge between the meme coin and GambleFi crypto niches.
Due to this, crypto influencers like Matthew Perry have suggested that the token could explode in 2025.
Available for presale, Memebet Token has raised over $370k to date. Although its presale price is higher than RAKE, it could be considered a good investment for those looking to dive into both the meme coin and gambling crypto niches simultaneously.
